G-III 2Q profit beats guidance as margins expand
G-III’s second-quarter earnings exceeded guidance, helped by gross margin expansion and disciplined expense management, despite a 10% year-over-year sales decline tied to exit of major licenses.
Second quarter earnings exceeded guidance, driven by gross margin expansion and disciplined expense management, despite a 10% year-over-year sales decline due to the exit of major licenses.
The Marc Jacobs acquisition is expected to be transformational, with long-term growth opportunities and a tar…